Polkadot has entered the final phase of the mainnet launch, which includes the deployment of parachains on the experimental Kusama network. This was announced by the founder of the blockchain project Gavin Wood.
And proposition 110 passed! In two hours, the deployment will be completed and if all goes well we’ll start seeing the first blocks on a live @kusamanetwork parachain. Here’s an article with more details: https://t.co/xTbFtx2GPI pic.twitter.com/3bLOjvi9KN
— Gavin Wood (@gavofyork) May 17, 2021
Parity Technologies is behind the development of Polkadot. According to Wood, the company has released version 0.9 of the client, which has the functionality necessary to run parachains.
Most of the Kusama nodes are already using the updated software. Implemented the final algorithm for holding auctions for slots in parachains and the logic of “crowdloans” [crowdloan]… They allow investors to pool their assets to support a specific individual blockchain.
The launch of parachains on the Polkadot network will occur after the completion of a full external audit of the update. Wood noted that the audit has already begun, it will be completed “in the near future.”
Kusama must also prove that the new logic works. To do this, the network will hold “at least one successful auction involving crowdloans and deploying a functional parachain.”
Polkadot’s parachains launch is expected to begin once two things have happened:
1. A full external audit is completed.
2. @kusamanetwork executes at least one successful auction involving crowdloans and hosting at least one functional parachain.
Read more from @gavofyork: https://t.co/m03AFJueXR– Polkadot (@Polkadot) May 17, 2021
On May 17, 2021, Kusama approved the launch of the Shell parachain, which produces blocks but has no other functionality. When it proves its viability, auctions will be launched on the network – the first will be announced seven days before the start.
Developers will spend the next two months testing the stability of the system. So far, the actual volume of transactions in it is artificially limited to 25% of the real possibilities. The system performance will gradually increase.
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